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With respect to his concerns leaving his interest in Ballpark Ltd. to Doris and his desire to minimize taxes, which of the following would be
With respect to his concerns leaving his interest in Ballpark Ltd. to Doris and his desire to minimize taxes, which of the following would be the BEST alternative for Hugh? 1. In his will, he could specify that the shares are to be held in a trust that names Doris as the sole income beneficiary and the children as the remaindermen. The trustee would be given discretion to sell some of the shares if needed to provide for the children's expenses. 2. In his will, he could specify that the shares are to be transferred to a family trust with Doris and the children named as the beneficiaries. 3. In his will, he could specify that the shares are to be held in a trust that names Doris as the sole income beneficiary and the children as the remaindermen. The trustee would be given discretion to sell some of the shares if needed to provide for any unanticipated expenses that Doris might incur. 4. He could immediately transfer the shares into an inter vivos family trust that names Doris and the children as the beneficiaries. choose the right
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